Australia is currently experiencing a surge in the circulation of banknotes, reaching a remarkable $103.7 billion, as revealed by the latest data from the Reserve Bank of Australia (RBA). This …
Cashless Society
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A restaurant owner in Sydney’s Leichhardt is determined to maintain the traditional “old school” ethos of his establishment by only accepting cash payments and not offering milk alternatives. Bar Italia, …
- National
Commonwealth Bank Assures Customers That Cash Is ‘Here to Stay’ in Significant Update
by adminIn a recent communication to customers, Matt Comyn, CEO of Commonwealth Bank (CBA), emphasised the bank’s commitment to maintaining cash availability amidst increasing trends towards a cashless society. He highlighted …
- National
Seniors Groups Criticise Proposed Mandate for Cash Purchase Protection as Insufficient
by adminSeniors groups are expressing concerns that the government’s proposed mandate, which will make it illegal for businesses to refuse cash payments for essential purchases, does not adequately address their needs. …
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Over the past year, Australia has witnessed significant shifts in its cash usage and payment methods. Macquarie Bank took a notable step in May by becoming the first major Australian …
- Finance
Businesses to be Required to Accept Cash for Essential Services Under New Government Proposal
by adminThe Albanese government intends to require businesses to accept cash for essential purchases from 2026 as part of its strategy to phase out cheques. This move aims to support Australians …